Protecting Your Credit in Four Easy Steps

by Joy Mali

Maintaining a healthy credit report is something that everyone should be concerned about.   Whether you’re just getting started using credit or if you’ve been managing credit cards and loans for a long time, credit protection is something that can help you avoid a damaged credit score.  There are several things you can do to help protect your credit score.   For instance, you can prevent a data breach with credit monitoring and become aware of phishing to prevent ID theft.

Monitor Your Credit Score

Sometimes it may seem like a lot of work to keep your eye on your credit report; however, problems with your credit score can have long term affects on your future plans.  Making large purchases, like buying cars, houses, boats, or paying for college tuition, can be denied because of problems with your credit report.  When you monitor your credit score, you can identify several things which may be potential issues that need to be addressed.  For instance, if someone has stolen your identity or managed to access one of your credit cards, you can identify these problems before they become a crisis.  Your credit report contains the history of your use of credit over the past several years, and shows all credit activity: loans, payments, new accounts, and requests for credit reports.

Become Aware of Phishing

In today’s high technology world, thieves no longer rely on breaking into your home or business in order to steal things of value.  Through the internet, scammers and identity thieves are able to access significant amounts of your personal information, and you may not even be aware that it is happening.  One of the techniques used is called phishing.  This is where thieves send out bogus requests for information, posing to be one of your banks, credit card companies, a utility company, or even a government office.  While some of these phishing attempts may be difficult to detect, many of the emails they send out have certain issues such as poor grammar, spelling errors, inconsistent statements, and low quality images of company logos.  Your bank and credit card company already have all of the relevant information they need to know about you — they will not send you an email asking for your credit card account numbers, social security information, birth date, or driver’s license.  It is important that you become aware of phishing to prevent ID theft.

How to Prevent a Data Breach

One of the most difficult problems to deal with is if someone has gained access to your personal information.  It is very important to prevent a data breach with credit monitoring so that your identity and credit score remain protected.  A data breach occurs when someone has been able to access private bank accounts, credit files, or even school records.  Having access to just one of those data sources can provide them wider access to other important files.  Once these data thieves have gained entry into your personal world, they can pilfer your personal finances, ruin your credit score, and even steal your very identity.

Making Use of Credit Protection Services

Some of you may be very concerned right now about the safety and security of your personal information, your credit records, and your identity — you should be.  Identity theft is one of the fastest growing crimes today.  However, you can secure the services of a credit protection company which will assist you in identifying potential identification threats and reduce the harmful effects of stolen information.  Some of the benefits of these credit protection services are:

  • Unlimited access to credit scores and credit reporting agencies.
  • Alert notifications when someone has tried to access your credit information or use your social security number.
  • Protection if you’ve lost your wallet, purse, credit cards, or personal identification cards.
  • Identity theft insurance.
  • Alerts if someone attempts to change your address.

By having a reputable credit protection service, you may prevent some of the serious effects of identity theft, damage to your credit score, or theft of personal financial resources.  Although it may seem inconvenient to monitor your credit accounts on a regular basis, the consequences of not knowing what is happening to your personal information and credit scores can be more than inconvenient.  With the increase in identify theft; prudent individuals will seek the professional services of a credit protection agency to safeguard their identity.

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Related posts:

  1. 3 Steps to Using a Vulnerability Scanner Effectively
  2. How to Manage Your Company’s Online Reputation in the Wake of a Data Breach
  3. Microsoft & Kaspersky Now Protecting Users From Duqu

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